It's been barely over a year since the dot-com bubble burst and yet there are signs a new bubble is starting to form.

Have we learned nothing from the Pets.com fiasco?

Foolhardy investors and naive entrepreneurs caused immeasurable harm to the economy. A second burst could completely crater it. People should be afraid. But how can we strike fear in them?

What America needs now is a wake up call. A message sent straight through the heart of capitalism. A big, unmistakable warning to change our ways.

Silicon Valley's age of irrational exuberance needs to end. A bold new era awaits.